IPO market study finds a dysfunctional market structure that fuels unemployment and undercuts small businesses

Grant Thornton’s updated study looks at how the current U.S. IPO market structure drives job losses, and it addresses misconceptions about the impact of private equity, penny stocks and inflation on new public equity offerings.

In fact, 2009 — which was expected to be a rebound year — was one of the worst IPO markets in the last 40 years, with only 61 IPOs. Wall Street’s increased focus on high-speed trading and larger-cap companies, coupled with decreased equity research coverage and sales support for small-cap businesses, is undercutting the ability of many companies to maintain adequate visibility with investors to support share prices.

Learn more about Grant Thornton's proposed solution to improve equity market structure and reinvigorate the growth economy: Market structure is causing the IPO crisis — and more.